The result is an improved sales process that will increase placement ratios
and persistency rates while keeping producers satisfied and loyal.
Reduce the cost of sales by eliminating NIGO submissions, simplifying application processing, reducing cycle times and increasing placement ratios
Summaries can be viewed as a godsend to carriers; however, it's important to understand that using summaries shouldn't equate to a free license to blast inquiries to multiple carriers, as the blasting approach will be detrimental to placement ratios
Help them improve their placement ratios
, assist their agents with prospecting and show them how to increase efficiency and reduce costs.
Given the growing demand for Preneed and Final Expense products, we evaluated e-App technologies with the potential to improve and accelerate the point-of-sale (POS) experience, reduce costs, and increase placement ratios
The pricing trend is moving toward fully underwritten standard pricing, with the direct carriers benefiting from higher placement ratios
due to a much faster and easier process of issuing insurance.
An increasing number of carriers with career and/or independent agents are improving their efficiencies and placement ratios
through comprehensive deployment of our cloud-based solutions.
But we need to remember that our sales have not only been flat, but our placement ratios
have been dropping over time.
Learn how to increase placement ratios
and reduce sales cycle with electronic signature technology, and why electronic signatures are becoming indispensable for life and property and casualty (P&C) insurers to support their electronic distribution and service channel strategies.
This time savings results in happier clients, higher placement ratios
, decreased costs associated with the reduced number of times we have to follow up and faster commission payments.
Hooper Holmes' iParamed e-Exam has been designed to eliminate that risk and increase placement ratios
," said Richard Whitbeck, President of Portamedic, Hooper Holmes' paramedical exam business.
IT constraints include slow application processing, involving multiple Web portals, email, and other connection points which can have a negative impact on new submission turnaround times and placement ratios
for new policies.